Practice Evaluating Economic Policies - 3 | Chapter: Key Skills for MYP Economics | IB MYP Grade 10: Individuals & Societies - Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define what a tariff is.

πŸ’‘ Hint: Think about the trade between countries.

Question 2

Easy

What is one advantage of fiscal stimulus?

πŸ’‘ Hint: Consider economic growth.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is a tariff?

  • A tax on exports
  • A tax on imports
  • A fee for services

πŸ’‘ Hint: Think about what happens when goods come into a country.

Question 2

True or False: Fiscal stimulus can lead to higher unemployment.

  • True
  • False

πŸ’‘ Hint: Consider the goal of fiscal stimulus.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the effectiveness of tariffs in supporting local industries while considering global trade relationships.

πŸ’‘ Hint: Think about the balance between local benefits and global consequences.

Question 2

Propose a balanced fiscal policy strategy that includes both stimulus and cuts, and discuss its potential impacts.

πŸ’‘ Hint: Consider how to maintain stability across economic cycles.

Challenge and get performance evaluation